Mgm1aIMO the project financing will come earlier than that, my...

Mgm1a

IMO the project financing will come earlier than that, my guess is Feb/March

Reason being, if bauxite prices sky rocket as predicted, someone will want to lock in a deal and likely off take with ABZ

Remember that Xinfa requested an extension till next year but ABZ turned them down because they had other parties interested, then we swiftly saw Myra come on board

Anyone thinking about financing this obviously knows Xinfa could be back again in Feb/March and they have already done the DD, know the routine etc

Once the placement stock is washed, I expect this to push to 28c before a break of 30c

Several research reports have this pegged at 50c - $1 once producing, do decent 2-5 x upside next year with relatively low risk and capex requirements